IHABEL: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IHABEL
Largest movements
- Receivables within one year +€33,701
up €33,701 (+486%), from €6,941 to €40,642
of which Other amounts receivable: +€22,318
- Tangible fixed assets +€11,100
up €11,100 (+36.0%), from €30,819 to €41,919
- Cash -€3,284
down €3,284 (-32.8%), from €10,019 to €6,734
mainly Receivables within one year (-€33,701) and Investment in fixed assets (net) (-€32,500)
- Deferred charges and accrued income -€1,089
down €1,089 (-76.5%), from €1,425 to €335
- Profit (loss) carried forward +€27,079
up €27,079 (+139%), from €19,436 to €46,515
- Tax, wage and social debts +€17,669
up €17,669 (+866%), from €2,040 to €19,709
of which Remuneration and social security: +€12,964
- Other debts -€5,500
no longer reported in 2025 (was €5,500)
- Trade debts +€1,179
up €1,179 (+30.2%), from €3,898 to €5,077
- Financial charges -€44,825
down €44,825 (-99.6%), from €45,019 to €194
- Gross operating margin +€31,801
up €31,801 (+48.6%), from €65,473 to €97,275
- Staff costs +€19,321
up €19,321 (+149%), from €12,986 to €32,307
- Depreciation +€10,186
up €10,186 (+90.8%), from €11,214 to €21,400
- Taxes +€3,137
new in 2025: €3,137
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,474 | €89,901 | +€40,427 | +81.7% |
| Fixed assets | 21/28 | €31,089 | €42,189 | +€11,100 | +35.7% |
| Tangible fixed assets | 22/27 | €30,819 | €41,919 | +€11,100 | +36.0% |
| Furniture and vehicles | 24 | €30,819 | €41,919 | +€11,100 | +36.0% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €18,385 | €47,712 | +€29,327 | +160% |
| Amounts receivable within one year | 40/41 | €6,941 | €40,642 | +€33,701 | +486% |
| Trade receivables | 40 | €1,514 | €12,896 | +€11,382 | +752% |
| Other amounts receivable | 41 | €5,427 | €27,746 | +€22,318 | +411% |
| Cash at bank and in hand | 54/58 | €10,019 | €6,734 | -€3,284 | -32.8% |
| Deferred charges and accrued income | 490/1 | €1,425 | €335 | -€1,089 | -76.5% |
| Total equity and liabilities | 10/49 | €49,474 | €89,901 | +€40,427 | +81.7% |
| Equity | 10/15 | €38,036 | €65,115 | +€27,079 | +71.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,436 | €46,515 | +€27,079 | +139% |
| Amounts payable | 17/49 | €11,438 | €24,786 | +€13,348 | +117% |
| Amounts payable within one year | 42/48 | €11,438 | €24,786 | +€13,348 | +117% |
| Trade debts | 44 | €3,898 | €5,077 | +€1,179 | +30.2% |
| Suppliers | 440/4 | €3,898 | €5,077 | +€1,179 | +30.2% |
| Taxes, remuneration and social security | 45 | €2,040 | €19,709 | +€17,669 | +866% |
| Taxes | 450/3 | - | €4,705 | +€4,705 | |
| Remuneration and social security | 454/9 | €2,040 | €15,004 | +€12,964 | +635% |
| Other amounts payable | 47/48 | €5,500 | - | -€5,500 | |
| Remuneration, social security and pensions | 62 | €12,986 | €32,307 | +€19,321 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,214 | €21,400 | +€10,186 | +90.8% |
| Other operating charges | 640/8 | €1,572 | €3,157 | +€1,585 | +101% |
| Non-recurring operating charges | 66A | €7,299 | - | -€7,299 | |
| Gross operating margin | 9900 | €65,473 | €97,275 | +€31,801 | +48.6% |
| Operating profit (loss) | 9901 | €32,402 | €40,411 | +€8,009 | +24.7% |
| Financial income | 75/76B | €110 | - | -€110 | |
| Recurring financial income | 75 | €110 | - | -€110 | |
| Financial charges | 65/66B | €45,019 | €194 | -€44,825 | -99.6% |
| Recurring financial charges | 65 | €45,019 | €194 | -€44,825 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,506 | €40,217 | +€52,723 | |
| Income taxes | 67/77 | - | €3,137 | +€3,137 | |
| Profit (loss) for the period | 9904 | -€12,506 | €37,079 | +€49,586 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,506 | €37,079 | +€49,586 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.